According to Foresight News, citing The Block, Galaxy Digital, a crypto asset management company, has completed the reorganization procedure from the Cayman Islands to the United States and plans to list on Nasdaq on May 16 with the code "GLXY". On the same day, the company announced a net loss of $295 million in Q1 2025, mainly due to the decline in digital asset prices and impairment expenses related to mining. Despite the performance decline, the company's cash and stablecoin reserves remain at $1.1 billion.
Galaxy completes restructuring process of relocating to the United States and plans to go public as scheduled, with cash and stablecoin reserves of $1.1 billion
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